data show everything, this counter is drowning, wont gonna fly, the FLYING info is spread by DAYA lover not daya itself, dont put ur head into this death counter, run before big fish make profit from u
Not only Suma there r so many other countries n companies involved in O&G n is costly to extract oil n gas so obviously OPEC have to cut production to stabilise price.The way i look at d situation both US n China r trying to push prices down b4 their funds surge into our country.In Malaysia our Govt have strengthened our Klci with bank mergers etc u can see during this time our market is holding strong. Palm oil stocks play a quite a major role in market capitalisation n if palm oil price drops...d only solution is to increase d yield similar to UP n i am wondering why our Govt seem to be silent on this one of d major issues. 23/09/2014 12:28
HONG KONG (Sept 23): China shares on Tuesday clawed back some of the previous day's losses after a preliminary survey showed China's manufacturing sector unexpectedly picked up in September, while the Hong Kong market hovered near two-month lows.
The HSBC/Markit Flash China Purchasing Managers' Index (PMI) rose to 50.5 in September from August's final reading of 50.2, beating a Reuters poll forecast of 50.0.
The Hang Seng Index, which has fallen 10 out of the 12 past sessions, was flat by midday at 23,960.43 points. The China Enterprises Index of the top Chinese listings in Hong Kong was up 0.3 percent.
The CSI300 of the leading Shanghai and Shenzhen A-share listings and the Shanghai Composite Index both added 0.7 percent. The Shanghai benchmark stood at 2,304.89 points. Both closed at their lowest in two months on Monday.
"The flash PMI was better than expected, which helped dispel some over-pessimism about the economy," said Xiao Shijun, an analyst at Guodu Securities in Beijing.
Chinese property developers were the standout performers early Tuesday, after a report by the official Shanghai Securities News said one of China's top four state banks plans to ease rules on mortgage lending as the government seeks to bolster the flagging real estate market.
Got hope probably, but maybe wait long long only. Negative is 3 months+ also still nobody can buy Mazlin's shares, just let him dispose all in the open market. If increase 1-2 cents, then he dump 1million shares, kaboom, go back down again
Type Announcement Subject MULTIPLE PROPOSALS Description DAYA MATERIALS BERHAD (“DMB” OR “COMPANY”)
(I) PROPOSED ACQUISITION OF “SIEM DAYA 1” (II) PROPOSED ACQUISITION OF “SIEM DAYA 2” (III) PROPOSED PLACEMENT (IV) PROPOSED RIGHTS ISSUE (V) PROPOSED BONDS ISSUE (VI) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL
KUALA LUMPUR (Sept 25): Daya Materials Bhd said it has received an offer letter from Datuk Lim Thean Shiang offering to subscribe for 100 million placement shares at 26.5 sen each, amounting to a total of RM26.5 million.
In a filing with Bursa Malaysia, Daya Materials said the issue price represents a discount of 2.78 sen or 9.49% to the five-day volume weighted average market price up to and including Sept 24 of 29.28 sen, being the last trading day prior to the offer date.
KUALA LUMPUR: Daya Materials Bhd said it has received an offer letter from Datuk Lim Thean Shiang to subscribe to 100 million placement shares at 26.5 sen each, amounting to a total of RM26.5 million.
In a filing with Bursa Malaysia yesterday, Daya Materials said the issue price represents a discount of 2.78 sen or 9.49% to the five-day volume weighted average market price up to and including Sept 24 of 29.28 sen, being the last trading day prior to the offer date. Lim is an independent non-executive director of MSM Malaysia Holdings Bhd and formerly the executive chairman of PKFZ Sdn Bhd.
Ya, I agree. It was very bad of the Chairman to give out a stream of good news to push up the price to dam his shares and than the bombshell of the cost overrun shortly after.
We don't know their internal negotiations . He offered that price and before successfully got it , logically in return , Daya will request him to lock his share under certain period as one of the condition for that price stage. Put it another way , RM 26.5million may easily be acquired by Daya , if Daya want to do so by the same way offering to institutional fund .
Former CEO Mazlin is a conscientious person . At least he did not dispose one-off in the market to jeopardize Daya , he slowly did and in small volume that could be absorbed by the market . However , such movement might confine the price within a range like now , at least stable and he did not let you ride roller coaster . Caring for all albeit some party might disappointed . Anyway , all mere assumption , we did not know the internal informations and discussion among them . By the way , assumption from personal empirical experience .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stonenut
2,776 posts
Posted by stonenut > 2014-09-22 09:29 | Report Abuse
Today not bad!!!! Sign of flying soon!!!!